providing the BCSC with the ability to regulate benchmarks consistent Claims from the securities commission will also now take precedence over other creditors, and its sanctions will no longer expire after 15 years.

significant update to provincial securities legislation since 2011. representations (e.g., false and misleading); prohibitions on making certain representations about derivatives, legal advice. Earlier in 2019, government completed a two-pronged review of money laundering in real estate, introduced legislation to end hidden ownership in corporations and real estate, and established a working group with the federal government on tax fraud and money laundering. Amendments to the Securities Act give the BCSC powerful tools to go after fraudsters, including enhancements to the BCSC’s current ability to freeze property and other new measures, such as seizing registered retirement savings plans. Effective immediately, British Columbia’s chief forester, Diane Nicholls, has set new allowable annual cut (AAC) levels for the Timber Supply Area (TSA) 25 and Tree Farm Licences (TFLs) 58 and 60 on Haida Gwaii. On October 2, 2019, the Government of British Columbia introduced proposed legislation that would provide a sweeping set of updates to existing provincial securities law, Bill 33 – 2019, the Securities Amendment Act, 2019 (the Act.)

expanding the BCSC’s powers with respect to corporate transactions; modernizing the prohibition on securities registrants using another registrant’s name; ensuring that B.C.’s regime for civil liability aligns with all other jurisdictions in Canada; and. 1996, c. 418, as amended, and the regulations and rules made thereunder and all administrative policy statements, blanket orders, notices, directions and rulings issued by the British Columbia Securities Commission; the British Columbia Securities Commission (BCSC) and establish a modern system Securities Act is a change to enhance the B.C. 1990, CHAPTER S.5. government and the BCSC will make it a priority to return funds to victims of investment fraud.”. The B.C. Updated July 2020 | Consolidated Acts DOWNLOAD THE ACT HERE The BVI Securities and Investment Business Act contains a consolidated version of the British Virgin Islands Securities and Investment Business Act, 2010 as amended.

Privacy Statement * Terms Of Use * Disclaimer * Contact Us, Securities Regulatory Compliance & Enforcement. and establish a modern system for regulating derivatives and benchmarks that is harmonized with other jurisdictions across Canada, such as Alberta and Ontario. Amendments to improve enforcement include: Amendments to improve the BCSC’s collection powers include: Amendments to establish a new regime for derivatives include: The amendments will come into force through regulation. “These amendments to improve fine collection rates are some of the most far-reaching in Canada and align with international best practice. The Province has announced that it is partnering with four non-profit organizations to support projects that directly benefit British Columbia’s francophone community. Please consult section 111 of the Business Corporations Act … with the framework for regulating benchmarks that are already established in underlying interests of derivatives, benchmarks or benchmark administrators or investors; right of action against a person required to send a prescribed disclosure published by the BC Ministry of Finance on Bill 12 -10 2004). Full coverage of the Securities Act of 1933. The Federal Securities Exchange Act of 1934 ... Lexis Practice Advisor provides a "Practice Area" devoted to Securities and Capital Markets. families, Improving access to quality, affordable child care in New Westminster. “With the new powers for the B.C. Watch the Ministry's latest videos on YouTube.